Tranquility Consulting Logo

Important Employment Tax Advice for Small Business Owners and the Self-Employed

Introduction Employment tax advice is one of the most challenging aspects of managing a small business or being self-employed. Managing these taxes effectively is helpful in avoiding legal risks and unnecessary costs associated with them. In addition to covering important topics in a concise manner, this work pays special attention to the needs of small […]

Understanding Financial Modeling: A Comprehensive Guide for SaaS Companies

Introduction: Financial modeling is a crucial process that involves creating a detailed representation of a company’s financial performance. This is typically done using spreadsheets and involves historical data, assumptions, and various financial variables to forecast future performance. For Software as a Service (SaaS) companies, financial modeling is an indispensable tool for strategic planning, decision-making, and […]

Navigating Income Tax Compliance for US Startups

Introduction: As an entrepreneur who has recently started or is planning to start a business in the United States, understanding your responsibilities, particularly regarding taxation, is crucial. Income Tax compliance is essential for tax adherence, ensuring your Startup operates smoothly without incurring unnecessary fines. This blog will guide you through the fundamental steps and forms […]

How to establish a Startup Business in the U.S.

Launching a Startup Business in the U.S.? This guide covers essential steps and income tax compliance to help you navigate the legal and financial landscape. Introduction: New startup businesses in the U.S. can be a thrilling endeavor, containing a lot of promise and room for growth. But it comprises many procedures and a lot of […]

US TAX SOURCING RULES FOR CLOUD COMPUTING/ DIGITAL CONTENT & MOBILE APPS

If you are in Cloud Computing business and have a presence in the US tax, then this article is for YOU! In a global operation, the “Source” or the origination of Revenue is important in determining taxpayer’s tax liability. For U.S resident taxpayers, the U.S generally taxes on both Domestic and foreign source income. Non-residents who […]